Think back on your career arc up until this point as you, hopefully, are now considering a new path toward becoming your own boss. Did you have a lot of bosses along the way? What were they like? If...
In this edition of FranNet’s blog, we pose a thought-provoking item for your proposed entrepreneurial agenda. If you’re able to buy a franchise, should you consider buying three instead of one?...
Updated September 2024 A franchise agreement is a legal contract between a franchisor and franchisee that outlines the terms and conditions under which the franchisee can operate using the...
More and more professionals are becoming absentee or semi-absentee business owners as a way to maintain the benefits of a job, while creating additional revenue and wealth. What is it? 1. Both job...
Updated July 2024 A franchise discovery day is an in-person meet-and-greet with representatives from a franchise concept that you’re considering. It’s typically reserved for serious inquiries, not...
Joining a good franchise is like joining a family. You’ll be surrounded by people who want to see you succeed and you’ll have a great support system in place to help you succeed. However, your...
Updated April 2024 Many entrepreneurs who want to become a business owner might be concerned with the risks that come with starting a business from scratch. That’s where franchising comes in....
Any prospective franchisee or small business owner has to develop a business plan for their new entrepreneurial vision. But what may be less obvious is the need to periodically check in with the...
Within a franchise system, there are two distinct roles, which are franchisor and franchisee. In this symbiotic business relationship, the two parties work together to grow and run a successful...
Updated June 2024 To create a viable franchise, a franchisor must first develop the infrastructure for the entire franchise business, which ultimately impacts each franchisee. The foundation of this...